Bitwise Asset Management launches spot Avalanche ETF (BAVA) on NYSE April 15, offering 5.4% staking rewards with 0.34% management fee.
Ecosystem ·
Bitwise Asset Management announced a spot Avalanche ETF trading under ticker BAVA on the NYSE beginning April 15, granting investors direct exposure to AVAX tokens. The fund will deploy an in-house staking operation to generate approximately 5.4% in staking rewards while preserving liquidity for shareholders, charging a management fee of 0.34%.
To encourage early adoption, Bitwise is waiving fees entirely on the first $500 million in assets during the fund's opening month. This structure positions the ETF as a way for institutional and retail investors to gain AVAX exposure without managing private keys or staking logistics themselves.
The launch arrives alongside separate activity on Avalanche's ecosystem, including KB Card's hybrid stablecoin credit card deployment on the network. It remains unclear whether the ETF's fee structure will extend beyond the promotional period or what uptake targets Bitwise has set for the product.